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The U.S. Dollar hit a five-week high following stronger-than-expected Q2 GDP growth of 3%, signaling economic resilience despite restrictive trade measures affecting imports. Meanwhile, the Federal Reserve is set to announce its policy decision, with markets anticipating steady interest rates at 4.5%, and Chair Jerome Powell's press conference will address future monetary policy. In currency news, the Euro continues to weaken, driven by dissatisfaction over the U.S.-EU trade deal, while the Japanese Yen saw further declines following a Pacific earthquake. Key upcoming events include the Fed’s policy announcement, PCE Price Index data, and the U.S. Non-Farm Payrolls report later this week.
